India-bound goods make up the majority of the cargo traffic at Murmansk Port, the NSR's starting point, which is increasing.
About NSR:
The North Sea Route (NSR) spans four seas of the Arctic Ocean: the Kara, Laptev, East Siberian, and Chukchi Sea. It is the shortest shipping route between Europe and countries in the Asia-Pacific area.
It is a 5,600-km route that starts in the Barents-Kara Seas border and ends at the Bering Strait (Provideniya Bay).
Significance of NSR:
Compared to the usual route via the Suez Canal, this path saves time and energy.
Compared to the standard route through the Suez Canal, it is only a third of the distance.
The risk of piracy is non-existent.
Easier to explore, and exploit.
Challenges:
Geostrategic confrontation may result from Russia's NSR sovereignty and restriction of freedom of navigation.
Arctic fog can make sailing more difficult.
threats to the pristine Arctic region's environment.
India’s Engagement in NSR:
The Chennai-Vladivostok Maritime Corridor (CVMC) project is a planned international container transit through the NSR between India and Russia.
In initiatives pertaining to the NSR, Russian and Indian enterprises worked together.